Riggins Company accounts for its investment in Bostic Company using the equity method. During the past fiscal

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Riggins Company accounts for its investment in Bostic Company using the equity method. During the past fiscal year, Bostic reported an extraordinary gain on its income statement. How would this extraordinary item affect the investor's financial records?

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Advanced Accounting

ISBN: 978-0077431808

10th edition

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

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